Cap Gemini Ernst & Young and Cisco Systems Cement Leadership of the Networked Economy.Business Editors/High Tech Writers PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. and SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 1, 2000 Details of Strategic Alliance Finalized With Launch of Global Business Unit to Drive Innovation in the Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. Cap Gemini Ernst & Young and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. today announced the formalization for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. of their March 8th strategic alliance, with the launch of a global business unit. The global business unit (GBU GBU God Bless You GBU Guided Bomb Unit GBU Global Business Unit GBU Good, Bad and Ugly GBU General Business Unit GBU Global Business Units ) will be named Cap Gemini Ernst & Young Telecom, Media & Networks--operating under the Cap Gemini Ernst & Young brand, providing strategic counsel and hands-on expertise to telecom, media, and networking organizations worldwide. With more than 150 clients the GBU employs almost 6,000 management and IT consultants, mainly from the former Cap Gemini Telecom & Media unit. Operating from twenty-four locations throughout the US, Asia and Europe, the GBU hosts the Network Infrastructure Solutions (NIS Niš or Nish (both: nēsh), city (1991 pop. 175,391), SE Serbia, on the Nišava River. An important railway and industrial center, it has industries that manufacture textiles, electronics, spirits, and locomotives. ) Service Line for Cap Gemini Ernst & Young. The NIS provides a critical role in optimizing Cisco's networking expertise together with Cap Gemini Ernst & Young's consulting and IT strengths, and today employs over 1,000-network integration professionals worldwide. The GBU delivers solutions that enable service providers and enterprise customers to more rapidly offer new services--developed in conjunction with Cisco and Cap Gemini Ernst & Young. These will include: Implementation of e-commerce and supply chain integration applications Integration/migration of voice and data networks Delivery of new wireless applications including broadband wireless See wireless broadband. and wireless data Delivery of broadband services Implementation of unified messaging applications Implementation of integrated call center applications Implementation of IP-based management systems The strategic alliance has also resulted in the creation of eight research, development and innovation labs throughout the world. The labs--based in California, Boston, Dallas, London, Paris, Munich, and Singapore--enable the GBU to maintain strict quality control standards on behalf of its customers, by testing system reliability before installation on client sites. "Cap Gemini Ernst & Young's global expertise in management consulting, IT services, and systems integration, and Cisco's capabilities in networking for the Internet makes for a formidable combination," said Alexandre Haeffner, Chief Executive Officer of Cap Gemini Ernst & Young Telecom, Media & Networks. "By successfully bringing together these complementary skill sets, we have created an entity that is perfectly positioned to decipher the increasingly complex convergence of telecommunications, media, and networking." "In the rapidly changing Internet Economy, Cisco Systems is committed to providing customers with best of breed solutions. Cisco's open eco-system business model utilises the strengths of our partners combined with our Internet expertise to accelerate customer benefits through the delivery of complete Internet business solutions," said Todd Abbot, Vice President, Service Providers, Cisco Systems EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. . The GBU is a subsidiary of Cap Gemini Ernst & Young Group in which Cap Gemini Ernst & Young Group holds a 95.1% stake and Cisco Systems holds a 4.9% stake. Cisco Systems is investing Euro 171 million in the GBU (which includes a 20% discount for Cisco's minority shareholder position) and Euro 702 million in payment for 2.6 million newly-issued shares of Cap Gemini SA through a reserved capital increase under the terms and conditions approved by the General Assembly of shareholders as of May 23, 2000. About Cap Gemini Ernst & Young Cap Gemini Ernst & Young is one of the largest management and IT consulting firms in the world. The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help traditional businesses and "dot companies" continue to implement growth strategies and leverage technology in the new economy. The organization employs more than 56,000 people worldwide and reports global revenues of about Euro 7.7 billion (1999 pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma ). More information about individual service lines, offices and research is available at www.cgey.com About Cisco Systems Cisco Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) is the worldwide leader in networking for the Internet. News and information are available at www.cisco.com. Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. |
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